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Tuesday: Industrial Production, Homebuilder Confidence

From Matthew Graham at Mortgage News Daily: Mortgage Rates Sideways to Slightly HigherMortgage rates were sideways to slightly higher today, depen ...

Morgan Stanley Sees "Greater Risk For A Correction Than We've Seen In A While"...But There's A Catch

As U.S. equity markets casually melt up to all new highs with each passing day, Morgan Stanley Equity Strategist Michael Wilson, whose 2,550 year- ...

Stocks and Precious Metals Charts - On the Wings of a Dove

"Interesting that the papers of record regret that they worked the Weinstein story, but never felt like they had enough to actually publish it.    ...

Netflix Jumps After Smashing Subscriber Expectations, Unveils $17 Billion In Content Commitments

After some initial confusion, Netflix stock surged after hours, a repeat of what it did last quarter, soaring above its all time high price, up ov ...

Taleb Explains How He Made Millions On Black Monday As Others Crashed

Former trader and author of best-selling book “The Black Swan” sat down for an interview with Bloomberg News to mark the upcoming thirtieth annive ...

Productivity in the short run is a residual.

 Ken Houghton retweeted this letter…from the Financial Times (I lost the link):

10Y Spikes Over 3.00% Or Copper Crashes - What Happens Next?

The spread between 10Y Treasury yields and the ratio of copper-to-gold has never been wider as the former signals recessionary economics (flattest ...

What’s Booming? Asset-Stripping by Private Equity Firms

Here are the numbers. Peak chase-for-yield by institutional investors?

US Treasury 30Y-5Y Slope Flattens To Lowest Since Mid-Nov ’07 As M2 Velocity Hits All-time Low

The US Treasury curve slope (30Y-5Y) continues to flatten and has just hit the low point since mid-November 2007, nearly a year before The Fed’s a ...

Sears Crashes After Second Largest Shareholder Resigns From Board

With Toys 'R' Us having already filed Chapter 11 bankruptcy, in a move that came as a shock to most of its bondholders, suddenly the race between ...

The FOMC and "Surprising" Low Inflation: Careful Analysis or Willful Ignorance?

On Sunday, in a speech to the IIF, Janet Yellen again expressed her “surprise” at low inflation figures: “Inflation readings over the past several ...

Learning, Not Just Schooling: World Development Report 2018

The World Development Report 2018, one of the flagship reports of the World Bank, focuses on the theme "LEARNING To Realize Education's Promise." ...

Phoenix Real Estate in September: Sales up slightly, Inventory down 10% YoY

This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying.The Arizona Regional Multiple Li ...

Why Have Investigations of Wall Street Disappeared from Corporate Media?

Why Have Investigations of Wall Street Disappeared from Corporate Media? By Pam Martens and Russ Martens: October 16, 2017 Hurricanes, wildfires, ...

iPhone 7 Outselling iPhone 8, Channel Checks Reveal

According to a surprising, and not altogether pleasant for Tim Cook and AAPL shareholders new report by KeyBanc Capital Analyst John Vinh, channel ...

Recession Red Flag Rears Its Ugly Head - Treasury Yield Curve Crashes To Post-Crisis Flats

Probably nothing... The last two times the spread between 30Y and 5Y Treasury bonds was below 90bps, the US economy entered recession...   And th ...

Nordstrom Plunges After Suspending 'Going-Private' Explorations

Nordstrom shares are tumbling uin the pre-open (down over 5% to 3-month lows) as the company temporarily suspends its explorations for going-priva ...

Falling Productivity of Debt, Gold and Silver Report 15 Oct 2017

Last week, we discussed the ongoing fall of dividend, and especially earnings, yields. This Report is not a stock letter, and we make no stock mar ...

NY Fed: Manufacturing Activity "grew at a robust pace" in October

From the NY Fed: Empire State Manufacturing SurveyBusiness activity grew at a robust pace in New York State, according to firms responding to the ...

Cable Plummets On Report Brexit Talks Headed For "Catastrophic Breakdown" If No EU Compromise

Having traded near sessions highs most of the morning session, sterling suddenly tumbled (even if Gilts refused to move) following a Bloomberg rep ...

Empire Fed Survey Soars To Highest In 8 Years (As New Orders Plunge)

Beating expectations by 5 standard deviations... Respondents to the Empire Fed's Manufacturing Survey have not been more exuberant about America ...

Theresa May Heads To Brussels For Surprise Brexit Dinner: "We've Almost Run Out Of Things To Talk About"

After her disastrous speech at the Conservative party conference, Theresa May is in desperate need of some good news as she puts her reputation on ...

NBC's Al Michaels Apologizes After Comparing NY Giants To Harvey Weinstein

Longtime NBC sports broadcaster Al Michaels outraged feminists and SJWs across America last night when he joked that the New York Giants were “com ...

Trump’s Tax Proposal And Housing: Did The Middle Class Just Get Jammed? (Largest Plunge in Renter Occupied Housing YoY Since 2003)

The Trump/Republican tax proposal sketch is out. 360061522-Republican-Tax-Plan While the hope is that lowering marginal tax rates will stimulate t ...

"My House Shook": Oil Rig Explosion Near New Orleans Leaves 7 Injured, 1 Missing

An oil rig in Lake Pontchartrain, La. exploded Sunday night, leaving seven people injured – five of them critically – with one person still missin ...

Catalan Leader Defies Spain, Sends Evasive Reply To Rajoy Activating Second Ultimatum Deadline

The Catalan stand-off has been extended until Thursday as both sides hold their ground. After days of expectation and talks with his separatist al ...

Has the UK just lost £490 billion as claimed in the Daily Telegraph?

As someone who pours over the UK’s economic statistics this from Ambrose Evans-Pritchard in the Telegraph yesterday was always going to attract my ...

Record Highs Reached by the S&P 500 in Week 2 of October 2017

Following the records set in the first week of October 2017, the S&P 500 (Index: INX) continued to mark new highs during the second week of the mo ...

The Fading Scent of the American Dream

The theme this week is The Rot Within.It's been 10 years since I devoted a week to the theme of The Rot Within(September 17, 2007). Back in 2007, ...

Pentagon Worried about Hackers Causing Stock Market Crash

The Pentagon?! But no one’s worried when stocks get manipulated higher.

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